Essex Investment Management Co. LLC Increases Stake in Ambarella, Inc. (NASDAQ:AMBA)

Essex Investment Management Co. LLC lifted its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,522 shares of the semiconductor company's stock after buying an additional 5,098 shares during the period. Ambarella makes up about 1.2% of Essex Investment Management Co. LLC's portfolio, making the stock its 15th largest position. Essex Investment Management Co. LLC owned approximately 0.22% of Ambarella worth $6,585,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in Ambarella by 1.4% in the fourth quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock worth $827,000 after acquiring an additional 156 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 188 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Ambarella by 21.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,175 shares of the semiconductor company's stock worth $85,000 after purchasing an additional 210 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Ambarella by 5.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,003 shares of the semiconductor company's stock worth $364,000 after purchasing an additional 236 shares in the last quarter. Finally, SWS Partners grew its position in Ambarella by 0.4% during the 4th quarter. SWS Partners now owns 67,408 shares of the semiconductor company's stock worth $4,903,000 after purchasing an additional 247 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

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Ambarella Trading Up 0.4 %

AMBA traded up $0.20 on Thursday, reaching $52.20. The stock had a trading volume of 947,940 shares, compared to its average volume of 654,743. The business's 50-day moving average price is $72.84 and its two-hundred day moving average price is $65.46. The company has a market cap of $2.18 billion, a P/E ratio of -13.52 and a beta of 1.78. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15.

Analyst Ratings Changes

A number of research firms have issued reports on AMBA. Northland Securities reaffirmed an "outperform" rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna raised their target price on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their price target on Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Ambarella currently has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

Insider Activity

In other news, VP Christopher Day sold 1,247 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the completion of the transaction, the vice president now directly owns 14,530 shares of the company's stock, valued at $1,134,793. This represents a 7.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total transaction of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares in the company, valued at $8,418,676.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,465 shares of company stock worth $1,466,434 in the last ninety days. Company insiders own 5.70% of the company's stock.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.